Saturday, April 25, 2020

IRDAI issues report on obligation of Insurer in respect of Motor Third Party Insurance business

The IRDAI has issued report of the working group to revisit the IRDAI (obligation of insurer in of motor third party insurance business), regulations, 2015 wherein procedure, formula and recommendations have been discussed.

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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